Tone provides a full-stack platform for music royalty accounting and management, centralizing operations for rights owners. The system streamlines the ingestion and analysis of sales and cost data while managing complex contract terms for accurate royalty calculations. It enables fast royalty period processing, integrated payments, and clear statement delivery for artists and their teams.
Funding
Funding not disclosed
Founders
Product
Problem
Record labels often face challenges in efficiently managing and processing royalties, leading to complexities in tracking payments, generating artist statements, and gaining insights into financial performance. Existing royalty systems can be cumbersome, lack transparency, and require significant manual effort, hindering scalability and informed decision-making.
Solution
Tone is a royalty management platform designed to streamline the complexities of royalty processing, tracking, and payments for record labels. The platform provides a user-friendly interface to manage sales data, costs, and contracts, offering a comprehensive view of royalty obligations. Tone automates the generation of clear, mobile-friendly artist statements and facilitates centralized payouts via ACH and international payments. By providing enhanced reporting and analytics, Tone empowers labels to validate earnings, identify trends, and make data-driven decisions to maximize their catalog's value.
Target Audience
Tone is primarily targeted towards record labels and music companies seeking to streamline their royalty management processes, improve transparency with artists, and gain better insights into their financial performance.
Features
- Centralized platform for managing sales, costs, and contracts related to royalties.
- Automated royalty calculations and statement generation.
- Mobile-friendly artist portals for accessing statements and managing finances.
- Streamlined payout processing with support for ACH and international payments.
- Customizable reporting and analytics tools for tracking earnings and identifying trends.
- Full-service migration from existing royalty systems like Curve, SR1, and Record Maestro.
- Dedicated onboarding, training, and expert payee support.